Wild Oats to Cooperate with Whole Foods Troubles

"Wild Oats Markets, Inc. (NASDAQ: OATS) today was informed that the Federal Trade Commission (FTC) will file a lawsuit in Federal District Court to block Whole Foods Market, Inc.'s (NASDAQ: WFMI) proposed acquisition of the Company, and seek a temporary restraining order pending the Court's ruling on the FTC's request for a preliminary injunction.

"We continue to believe very strongly that this merger is in the best interest of all our constituents," said Greg Mays, Chairman and CEO of Wild Oats Markets."

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Sigh.